Creditworthiness
Switzerland has no single credit score set by law. Before a lender grants a personal loan, it checks your budget and looks you up in the IKO. It can also look at the ZEK and ask for your debt collection extract. Private credit agencies also keep data on people and calculate their own scores.
For a consumer credit, the law says when you count as creditworthy: if you can repay without using the part of your income that can’t be seized (KKG, Art. 28).
What it means for your loan
You can see each of these records yourself, and the IKO and ZEK extracts are free.
Explained in full
What lenders check: credit record, ZEK and Betreibung
Switzerland has no single credit score set by law. What lenders check (IKO, ZEK, the Betreibung register, your budget) and how to see your own records.
Sources
- Bundesgesetz über den Konsumkredit (KKG), SR 221.214.1, Art. 7, 9, 22 to 32, 35Swiss Confederation, Fedlex, read on
- Kredit- und LeasingnehmerIKO Informationsstelle für Konsumkredit, read on
- Kredit- und LeasingnehmerZEK Zentralstelle für Kreditinformation, read on